Financial Accounts of the United States - Z.1
L.208 Debt Securities (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2017 | 2018 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All sectors; total debt securities; liability | FL894122005 | 43216.1 | 45112.5 | 47397.1 | 53906.6 | 48369.4 | 51920.3 | 52697.1 | 53906.6 | 54652.6 | 1 |
| All sectors; open market paper; liability | FL893169175 | 965.9 | 996.0 | 1045.2 | 986.9 | 1088.8 | 1006.6 | 956.9 | 986.9 | 1105.2 | 2 |
| Federal government; Treasury securities; liability | FL313161105 | 16430.9 | 17842.1 | 19018.7 | 23600.9 | 19518.4 | 22370.7 | 22900.4 | 23600.9 | 23943.0 | 3 |
| All sectors; U.S. government agency securities; liability | FL893161705 | 8867.1 | 9112.6 | 9429.5 | 10086.7 | 9769.1 | 9743.7 | 9866.2 | 10086.7 | 10226.4 | 4 |
| Domestic nonfinancial sectors; municipal securities; liability | FL383162005 | 3904.0 | 3846.3 | 3866.4 | 3950.1 | 3872.1 | 3891.8 | 3926.1 | 3950.1 | 3977.3 | 5 |
| All sectors; corporate and foreign bonds; liability | FL893163005 | 13048.2 | 13315.6 | 14037.2 | 15282.1 | 14121.0 | 14907.5 | 15047.5 | 15282.1 | 15400.8 | 6 |
| All sectors; total debt securities; liability | FL894122005 | 43216.1 | 45112.5 | 47397.1 | 53906.6 | 48369.4 | 51920.3 | 52697.1 | 53906.6 | 54652.6 | 7 |
| Domestic nonfinancial sectors; debt securities; liability | FL384122005 | 25961.3 | 27451.6 | 28902.3 | 34245.8 | 29646.1 | 32878.4 | 33484.0 | 34245.8 | 34745.4 | 8 |
| Nonprofit organizations; municipal securities; liability (2) | FL163162003 | 217.5 | 215.1 | 211.8 | 202.1 | 208.9 | 206.6 | 205.3 | 202.1 | 202.1 | 9 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 6169.9 | 6303.8 | 6573.5 | 7257.4 | 6814.5 | 7176.3 | 7219.6 | 7257.4 | 7387.4 | 10 |
| Federal government; debt securities; liability | FL314122005 | 16455.3 | 17865.0 | 19039.9 | 23621.1 | 19539.6 | 22391.7 | 22920.6 | 23621.1 | 23962.8 | 11 |
| State and local governments; municipal securities; liability | FL213162005 | 3118.6 | 3067.7 | 3077.1 | 3165.2 | 3083.0 | 3103.8 | 3138.5 | 3165.2 | 3193.1 | 12 |
| Domestic financial sectors; debt securities; liability | FL794122005 | 13910.8 | 14254.8 | 14690.3 | 15607.9 | 15231.3 | 15288.8 | 15344.4 | 15607.9 | 15785.8 | 13 |
| U.S.-chartered depository institutions; debt securities; liability | FL764122005 | 223.2 | 247.5 | 209.7 | 268.5 | 232.9 | 242.3 | 251.4 | 268.5 | 279.7 | 14 |
| Foreign banking offices in the U.S.; open market paper; liability | FL753169175 | 38.1 | 40.8 | 38.5 | 35.4 | 51.1 | 43.3 | 36.1 | 35.4 | 40.0 | 15 |
| Government-sponsored enterprises; GSE issues; liability | FL403161705 | 6716.3 | 6797.3 | 7002.2 | 7638.1 | 7318.1 | 7305.1 | 7417.7 | 7638.1 | 7775.1 | 16 |
| Agency-and GSE-backed mortgage pools; total mortgages; asset | FL413065005 | 2126.5 | 2292.3 | 2406.0 | 2428.3 | 2429.8 | 2417.6 | 2428.4 | 2428.3 | 2431.4 | 17 |
| Issuers of asset-backed securities; debt securities; liability | FL674122005 | 1121.9 | 1120.9 | 1180.3 | 1222.3 | 1232.9 | 1221.2 | 1218.6 | 1222.3 | 1219.7 | 18 |
| Finance companies; debt securities; liability | FL614122005 | 835.1 | 879.2 | 835.4 | 815.2 | 859.4 | 849.0 | 816.4 | 815.2 | 805.5 | 19 |
| Real estate investment trusts; debt securities; liability | FL644122005 | 439.0 | 470.0 | 539.3 | 580.5 | 529.9 | 566.3 | 574.7 | 580.5 | 587.8 | 20 |
| Security brokers and dealers; corporate and foreign bonds; liability | FL663163003 | 185.7 | 184.0 | 174.0 | 183.9 | 256.9 | 179.7 | 165.4 | 183.9 | 196.3 | 21 |
| Holding companies; debt securities; liability | FL734122005 | 1448.6 | 1401.7 | 1445.7 | 1577.5 | 1538.2 | 1606.9 | 1569.1 | 1577.5 | 1538.0 | 22 |
| Other financial business; debt securities; liability | FL504122005 | 776.5 | 821.2 | 859.1 | 858.2 | 782.0 | 857.4 | 866.5 | 858.2 | 912.2 | 23 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; liability | LM264122005 | 3344.0 | 3406.1 | 3804.5 | 4052.9 | 3492.1 | 3753.1 | 3868.7 | 4052.9 | 4121.4 | 24 |
| All sectors; total debt securities; asset | FL894022005 | 43555.0 | 44423.6 | 48627.3 | 56384.7 | 49976.0 | 54408.6 | 55133.3 | 56384.7 | 55592.4 | 25 |
| Domestic nonfinancial sectors; debt securities; asset | FL384022005 | 6268.9 | 6996.7 | 7762.7 | 7550.1 | 7526.1 | 7561.4 | 7366.9 | 7550.1 | 7008.3 | 26 |
| Households and nonprofit organizations; debt securities; asset | LM154022005 | 4391.1 | 5079.5 | 5653.1 | 5116.9 | 5286.7 | 5166.4 | 4976.7 | 5116.9 | 4639.7 | 27 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 236.0 | 253.2 | 326.6 | 386.5 | 374.5 | 395.3 | 391.9 | 386.5 | 346.5 | 28 |
| Nonfinancial noncorporate business; debt securities; asset | LM114022005 | 75.1 | 75.8 | 80.0 | 86.3 | 82.6 | 85.8 | 86.8 | 86.3 | 82.1 | 29 |
| Federal government; debt securities; asset | FL314022005 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 30 |
| State and local governments; debt securities; asset | LM214022005 | 1566.2 | 1587.7 | 1702.4 | 1959.9 | 1781.8 | 1913.4 | 1911.1 | 1959.9 | 1939.5 | 31 |
| Domestic financial sectors; debt securities; asset | FL794022005 | 25944.1 | 26240.8 | 28793.8 | 35963.9 | 30258.5 | 34126.0 | 34997.3 | 35963.9 | 35965.9 | 32 |
| Monetary authority; debt securities; asset | LM714022005 | 4448.3 | 3982.6 | 4011.9 | 7422.2 | 5312.9 | 6847.7 | 7163.7 | 7422.2 | 7548.3 | 33 |
| U.S.-chartered depository institutions; debt securities; asset | LM764022005 | 3757.4 | 3760.5 | 4083.5 | 5124.6 | 4272.1 | 4588.4 | 4866.6 | 5124.6 | 5486.0 | 34 |
| Foreign banking offices in the U.S.; debt securities; asset | LM754022005 | 303.3 | 318.1 | 309.0 | 313.5 | 340.2 | 334.4 | 319.4 | 313.5 | 294.7 | 35 |
| Banks in U.S.-affiliated areas; debt securities; asset | LM744022003 | 14.7 | 19.5 | 33.6 | 41.3 | 34.0 | 38.8 | 39.3 | 41.3 | 43.8 | 36 |
| Credit unions; debt securities; asset | LM474022005 | 213.0 | 201.8 | 221.3 | 311.1 | 235.2 | 267.5 | 290.9 | 311.1 | 374.2 | 37 |
| Property-casualty insurance companies; debt securities; asset | LM514022005 | 1097.2 | 1118.6 | 1192.8 | 1270.2 | 1184.1 | 1248.6 | 1270.6 | 1270.2 | 1243.6 | 38 |
| Life insurance companies; debt securities; asset | LM544022005 | 3591.2 | 3509.2 | 4023.0 | 4431.5 | 3964.5 | 4257.3 | 4345.0 | 4431.5 | 4221.9 | 39 |
| Private pension funds; debt securities; asset | LM574022005 | 1391.2 | 1416.1 | 1607.8 | 1828.6 | 1637.7 | 1728.4 | 1765.2 | 1828.6 | 1757.0 | 40 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 1753.6 | 2061.7 | 2177.4 | 2326.5 | 2181.6 | 2185.0 | 2232.0 | 2326.5 | 2318.2 | 41 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 955.0 | 975.6 | 962.2 | 1031.9 | 968.5 | 994.4 | 1017.1 | 1031.9 | 972.4 | 42 |
| Money market funds; debt securities; asset | FL634022005 | 1680.7 | 1862.3 | 2181.3 | 3185.3 | 2568.7 | 3544.2 | 3290.6 | 3185.3 | 3234.3 | 43 |
| Mutual funds; debt securities; asset (market value) | LM654022005 | 4541.1 | 4557.2 | 5216.2 | 5681.7 | 4861.5 | 5158.6 | 5460.7 | 5681.7 | 5613.0 | 44 |
| Closed-end funds; debt securities; asset | LM554022005 | 168.0 | 161.0 | 171.5 | 176.0 | 151.8 | 162.2 | 166.4 | 176.0 | 176.5 | 45 |
| Exchange-traded funds; debt securities; asset | LM564022005 | 556.5 | 636.1 | 825.0 | 1065.5 | 830.5 | 944.1 | 1007.1 | 1065.5 | 1080.6 | 46 |
| Government-sponsored enterprises; debt securities; asset | LM404022005 | 404.9 | 408.3 | 467.7 | 520.1 | 484.2 | 547.9 | 557.0 | 520.1 | 471.9 | 47 |
| Issuers of asset-backed securities; debt securities; asset | FL674022005 | 12.3 | 20.4 | 33.0 | 30.3 | 32.0 | 30.6 | 29.5 | 30.3 | 28.6 | 48 |
| Finance companies; corporate and foreign bonds; asset | LM613063003 | 63.8 | 55.3 | 60.0 | 73.6 | 58.8 | 68.2 | 69.9 | 73.6 | 70.8 | 49 |
| Real estate investment trusts; debt securities; asset | LM644022005 | 297.6 | 324.5 | 386.7 | 236.4 | 246.3 | 241.7 | 234.5 | 236.4 | 223.3 | 50 |
| Security brokers and dealers; debt securities; asset | LM664022005 | 338.2 | 478.9 | 450.2 | 415.9 | 515.2 | 514.4 | 452.3 | 415.9 | 235.8 | 51 |
| Holding companies; long-term debt securities; asset | LM734022605 | 67.2 | 97.3 | 132.0 | 124.0 | 123.4 | 127.4 | 118.1 | 124.0 | 147.0 | 52 |
| Other financial business; debt securities; asset | FL504022005 | 289.1 | 275.7 | 247.7 | 353.5 | 255.2 | 296.4 | 301.3 | 353.5 | 424.0 | 53 |
| Rest of the world; debt securities, excluding negotiable certificates of deposit; asset | LM264022005 | 11341.9 | 11186.0 | 12070.9 | 12870.7 | 12191.5 | 12721.2 | 12769.1 | 12870.7 | 12618.1 | 54 |
| Instrument discrepancies; debt securities (level) (3) | LM904022005 | -338.9 | 688.9 | -1230.2 | -2478.1 | -1606.6 | -2488.3 | -2436.2 | -2478.1 | -939.7 | 55 |
NOTES
- Sum of open market paper, Treasury securities, agency- and GSE-backed securities, municipal securities, and corporate and foreign bonds.
- Liability of the households and nonprofit organizations sector (tables L.101 and B.101).
- The accumulated valuation difference between issuance and holdings.
Last Update: June 10, 2021